MCHPMicrochip Technology Incorporated is a publicly listed American corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
Bias: Buy/Long
Next report date
Report period
Q4 2023
EPS estimate
0.53EUR
Revenue estimate
1.23 BEUR
3.92EUR
2.06 BEUR
7.79 BEUR
528.99 M
About Microchip Technology Incorporated
Sector
Industry
CEO
Ganesh Moorthy
Website
Headquarters
Chandler
Employees (FY)
22.6 K
Founded
1989
Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment is involved in designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one-time programmable technologies. The company was founded on February 14, 1989, and is headquartered in Chandler, AZ.
$MCHPBulls are starting to be in control above $80.
Currently it is strongly defendec by sma250 which is a very strong threshold to break to be bearish.
SL is just below the sma250 at $80.
My view is it will pump starting this wéek after the Magnificent 6 have completed reporting by this week.
🔍🔧 Microchip Technology (MCHP) Analysis 🌐💻📊 Company Overview:
Microchip Technology, a global developer and manufacturer of smart and secure control solutions.
📉 Current Market Condition:
Navigating a cyclical downturn as acknowledged by its management.
🔄 Temporary Downturn:
Despite challenges, indications suggest Microchip's downturn is
MCHP: Potential Buy AreasSince 2022 price has been rising in a channel. Expecting the price to stay in a bullish channel backed by positive analyst expectations.
Looking for Long Ideas in the "Whoosh" StocksAfter big sell-offs, my first area to look for longs is in the stocks that had a "whoosh" on the downside, followed by positive reversals. ADI fits those criteria.
MCHP, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a poten
$MCHP Ready to Break Downtrend?NASDAQ:MCHP is heavy into automotive chips along with many other industries as well. When looking at the chart I see that we have a longer-term double bottom formation that put into play an Undercut and Rally on Nov 2nd, which was the earnings date. That is technically still in play.
It looks lik
Microchip Technology Incorporated at support levelMicrochips are ever needed for hardware development companies so Microchip Technology Incorporated is pretty sure investment especially as MCHP is at 10 months up slopping support line now - best moment for accumulation.
Recommended entry price: 77.50
Target price 1: 89.00
Target price 2: 100.00
Sto
MACD Buy. Retest Support. Target Next Resistance1. MACD Buy.
2. Retest Support.
3. Target Next Resistance
Rise RetracedThe rise since June 23rd has been retraced by about 40 %. This level is the range of the first quarter of the year tops and the high of June 15th. I can imagine that from here we may see another race for further highs.
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Frequently Asked Questions
The current price of MCP is 88.24 EUR — it has increased by 3.02% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on GETTEX exchange MICROCHIP TECHNOLOGY INC stocks are traded under the ticker MCP.
MICROCHIP TECHNOLOGY INC is going to release the next earnings report on May 6, 2024. Keep track of upcoming events with our Earnings Calendar.
MCP stock is 3.59% volatile and has beta coefficient of 1.59. Check out the list of the most volatile stocks — is MICROCHIP TECHNOLOGY INC there?
MCP earnings for the last quarter are 1.53 EUR per share, whereas the estimation was 1.53 EUR resulting in a −0.07% surprise. The estimated earnings for the next quarter are 0.94 EUR per share. See more details about MICROCHIP TECHNOLOGY INC earnings.
MICROCHIP TECHNOLOGY INC revenue for the last quarter amounts to 2.13 B EUR despite the estimated figure of 2.14 B EUR. In the next quarter revenue is expected to reach 1.61 B EUR.
Yes, you can track MICROCHIP TECHNOLOGY INC financials in yearly and quarterly reports right on TradingView.
MCP stock has risen by 12.35% compared to the previous week, the month change is a 10.80% rise, over the last year MICROCHIP TECHNOLOGY INC has showed a 31.15% increase.
MCP net income for the last quarter is 379.80 M EUR, while the quarter before that showed 630.60 M EUR of net income which accounts for −39.77% change. Track more MICROCHIP TECHNOLOGY INC financial stats to get the full picture.
Today MICROCHIP TECHNOLOGY INC has the market capitalization of 46.45 B, it has decreased by 3.09% over the last week.
Yes, MCP dividends are paid quarterly. The last dividend per share was 0.42 EUR. As of today, Dividend Yield (TTM)% is 1.82%. Tracking MICROCHIP TECHNOLOGY INC dividends might help you take more informed decisions.
MICROCHIP TECHNOLOGY INC dividend yield was 1.51% in 2022, and payout ratio reached 31.46%. The year before the numbers were 1.21% and 40.06% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, MCP shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MICROCHIP TECHNOLOGY INC stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 26, 2024, the company has 22.60 K employees. See our rating of the largest employees — is MICROCHIP TECHNOLOGY INC on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MICROCHIP TECHNOLOGY INC technincal analysis shows the strong buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MICROCHIP TECHNOLOGY INC stock shows the buy signal. See more of MICROCHIP TECHNOLOGY INC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on MICROCHIP TECHNOLOGY INC future price: according to them, MCP price has a max estimate of 99.03 EUR and a min estimate of 71.94 EUR. Read a more detailed MICROCHIP TECHNOLOGY INC forecast: see what analysts think of MICROCHIP TECHNOLOGY INC and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MICROCHIP TECHNOLOGY INC EBITDA is 3.69 B EUR, and current EBITDA margin is 48.71%. See more stats in MICROCHIP TECHNOLOGY INC financial statements.